Warren Buffett’s 5 Favorite Dividend Stocks for the Rest of 2022

In this article, we discuss Warren Buffett’s 5 favorite dividend stocks for the rest of 2022. If you want to read our detailed analysis of Buffett’s investment strategy, go directly to read Warren Buffett’s 10 Favorite Dividend Stocks for the Rest of 2022.

5. American Express Company (NYSE:AXP)

Berkshire Hathaway’s Stake Value: $21,016,276,000
Dividend Yield as of August 17: 1.27%

American Express Company (NYSE:AXP) is a New York-based credit card services company that issues personal, small business, and corporate credit cards. Warren Buffett has been investing in the company for over 25 years and his total unrealized gain on the stock stood at over $26 billion. In Q2 2022, Berkshire Hathaway owned over 151.6 million AXP shares, worth over $21 billion. The company represented 7% of Warren Buffett’s portfolio.

American Express Company (NYSE:AXP) holds a very strong dividend history, paying dividends to shareholders consistently for the past 30 years. It currently offers $0.52 per share in the quarterly dividend, with a dividend yield of 1.27%, as of August 17.

American Express Company (NYSE:AXP)’s billing activity remained strong in Q2 2022, reaching pre-pandemic levels and its revenue has also shown growth over the years. In view of this, RBC Capital raised its price target on American Express Company (NYSE:AXP) in July to $180 with a Sector Perform rating on the shares.

At the end of Q1 2022, 69 hedge funds in Insider Monkey’s database reported owning stakes in American Express Company (NYSE:AXP), up from 64 in the previous quarter. These stakes have a total value of over $33 billion. With nearly $3 billion worth of stakes, Fisher Asset Management was one of the most prominent stakeholders of the credit card company in Q1.